Integrated Business Planning – How Software Can Help You

Business planning is now easier than ever before. With the business plan software provided by renowned developers like Anaplan, you can excel in integrated business planning. The company’s software offers full advantages of EPM (enterprise performance management) and S&OP (Sales and operations planning). As well, the system is broad enough to support every facet of enterprise planning. With it, finance managers are able to work together with professionals in other lines business. As well, they are able to pursue a common interest—integrated business planning.

What does IBP software offer?

Implementing suitable IBP is difficult, to be brutally honest. Those involved don’t only have to deal with tons of data. They also have to handle quickly changing data. This is where IBP software comes in. It makes what looks impossible become possible. It offers the following advantages:

  • Idiotproof modelling – Anaplan’s IBP software offers an embedded modeling logic that every type of user can comprehend. They don’t have to code anything or use an IT professional to understand the modeling logic in this tool. Besides, the system is so user-friendly that users can alter business rules, upgrade drivers and refresh hierarchies.
  • Quick and profound effect – This software provides instant calculations that cause an impact across the whole organization. Hence, the effect is noted in all accounting statements like P&L account, cash flow and others.
  • Huge data is processed – Anaplan’s business plan software is able to process volumes and volumes of data across several dimensions. As data keeps on growing, you need a system like this which is capable of handling a lot of data.

Buying just one platform for use in the entire organization is okay. First, you can minimize the cost of ownership and then get rid of useless activities that occur due to using partitioned S&OP and EPM systems. Third, having one solution that serves the entire organization is good because all finance experts can intervene in the decision making processes going on in other departments.

Attaining greater efficiency

To get full advantageous of S&OP and EPM through IBP, make use of Anaplan’s tools. They are just what you need to let more business partners partake in your supply chain decisions. With software, you can make progress faster as a result of improving collaboration all through your supply chain. Doing so can help you get more value out of every stage of your supply chain process. Processes can be configured based on a user and role, and each collaboration tool can let you communicate in real-time. As a business that runs supply chains, you just can’t escape the use of IBP software. It is the only thing that will let you compete effectively with your rivals and support your goals through the insights of more and more stakeholders.

A good integrated business planning process considers a range of factors: supply and demand, new product development, financial plans to create one operating plan and strategic projects. If done right, IBP can be the chief management process for moving the whole organization forward. Now it’s easy to implement IBP, as there is software that can let you make your supply chain data available to many entities within the business. As well, it can improve your business plan using the input and knowledge of several collaborators.

With this software, you can let several departments participate in dialogues and decision making processes about issues that affect your supply and chain. With business plan software from Anaplan, you can increase your collaboration with suppliers instead of getting insights from just your in-house staff. With this external input and internal input, you can attain your IBP goals.

Integrated Business Planning – How Software Can Help You